This is a sample Borrower's Affidavit. A borrower's affidavit is a written statement provided at a loan closing where the loan is secured by the borrower's interest in real property. In the sworn affidavit, the borrower provides assurances regarding: The borrower's financial condition. The form may be customized to suit your needs.
Once you've signed, it's usually a done deal! If you need to make changes, you'll likely have to fill out a new affidavit and start the process anew.
It generally includes details about your income, debts, and other financial matters. Think of it as your financial story laid bare for the lender to understand!
You need one to assure the lender that all the details you've provided are on the up and up. It's basically a way to put your cards on the table!
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